Commercial Real Estate Market in Grafton, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Grafton, NE spans 50.4 square miles in Fillmore County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grafton, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Grafton, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grafton, NE runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Grafton, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.4%
- Industrial 25.9%
- Commercial 2.7%
Largest Zones share of zoned land by district
Residential District
Heavy Industrial
Light Industrial
General Commercial
Highway Commercial
Grafton, NE zones 236 acres across 5 districts. Commercial zoning covers 2.7% of zoned land, residential 71.4% and industrial 25.9%. The largest single district is Residential District at 71.4%. For commercial buyers the practical constraint is that only 28.6% of land carries a commercial or industrial designation.
Residential District (R-1)
This district is intended to provide for low density residential uses consisting of single family and two family detached dwelling units and accessory structures
Market overview
Demographics & Economy
Grafton, NE has 227 residents in 157 households. Density runs 4 people per square mile. Median household income here is $76,500.
227
Population
157
Households
1.4
Avg Household Size
50
Median Age
16%
College-Educated
96%
High-School Grad
50.4 sq mi
ZIP Area
4
Density / Sq Mi
$76,500
Median Household Income
$45,972
Median Earnings
$0
Median Rent
$121,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Grafton?
Grafton, NE zones 236 acres across 5 districts, of which 2.7% is commercial and 25.9% industrial. The largest single district is Residential District at 71.4% of zoned land. This district is intended to provide for low density residential uses consisting of single family and two family detached dwelling units and accessory structures Residential zoning covers 71.4% and open space 0%.
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 236 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
